Walmart Inc. (NYSE:WMT) Shares Acquired by Railway Pension Investments Ltd

Railway Pension Investments Ltd increased its stake in shares of Walmart Inc. (NYSE:WMT) by 187.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,223,239 shares of the retailer’s stock after purchasing an additional 1,449,626 shares during the quarter. Walmart accounts for approximately 1.3% of Railway Pension Investments Ltd’s holdings, making the stock its 19th biggest position. Railway Pension Investments Ltd’s holdings in Walmart were worth $133,772,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Partnership Wealth Management LLC acquired a new stake in shares of Walmart during the fourth quarter worth $30,000. Able Wealth Management LLC purchased a new position in Walmart in the fourth quarter worth $30,000. Vermillion & White Wealth Management Group LLC purchased a new position in Walmart in the fourth quarter worth $32,000. Signature Resources Capital Management LLC purchased a new position in Walmart in the fourth quarter worth $35,000. Finally, Tidemark LLC purchased a new position in Walmart in the fourth quarter worth $37,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Walmart news, major shareholder Alice L. Walton sold 3,633,800 shares of Walmart stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $66.80, for a total transaction of $242,737,840.00. Following the sale, the insider now directly owns 636,898,811 shares in the company, valued at approximately $42,544,840,574.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Walmart news, Director S Robson Walton sold 3,540,250 shares of Walmart stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $64.55, for a total transaction of $228,523,137.50. Following the sale, the director now directly owns 648,504,011 shares in the company, valued at approximately $41,860,933,910.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Alice L. Walton sold 3,633,800 shares of Walmart stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $66.80, for a total value of $242,737,840.00. Following the sale, the insider now owns 636,898,811 shares in the company, valued at $42,544,840,574.80. The disclosure for this sale can be found here. Insiders have sold 14,537,863 shares of company stock worth $954,247,577 in the last three months. 45.58% of the stock is owned by insiders.

Walmart Stock Down 1.9 %

Walmart stock traded down $1.33 during midday trading on Friday, hitting $68.46. 23,578,664 shares of the company were exchanged, compared to its average volume of 14,048,109. The company’s fifty day moving average price is $68.23 and its 200-day moving average price is $62.29. The company has a market cap of $550.66 billion, a PE ratio of 29.30, a price-to-earnings-growth ratio of 4.02 and a beta of 0.50. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.80 and a quick ratio of 0.23. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $71.33.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, topping the consensus estimate of $0.52 by $0.08. The firm had revenue of $161.50 billion for the quarter, compared to analyst estimates of $159.57 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. Walmart’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.49 EPS. On average, research analysts predict that Walmart Inc. will post 2.43 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on WMT shares. Tigress Financial increased their price objective on Walmart from $75.00 to $86.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Telsey Advisory Group raised their price target on Walmart from $70.00 to $75.00 and gave the company an “outperform” rating in a research report on Monday, June 10th. Piper Sandler started coverage on Walmart in a research report on Wednesday, July 10th. They issued an “overweight” rating and a $81.00 price target for the company. Raymond James raised their price target on Walmart from $63.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, May 17th. Finally, Oppenheimer raised their price target on Walmart from $69.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday, June 6th. Three analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $71.60.

Walmart Company Profile

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.